1612 E 53rd Street Long Beach, CA ^$ 1,049,900

1612 E 53rd Street

^$ 1,049,900

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1612 E 53rd Street

Long Beach, CA, 90805

^$ 1,049,900

Bedrooms2 Baths1.0 Sq 2,092

Monthly Estimate*

^$ 7,334

Listed by Trojan Financial Solutions

1612 E 53rd Street, Long Beach, CA 90805 - Image 1

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1612 E 53rd Street, Long Beach, CA 90805 - Image 8

1612 E 53rd Street, Long Beach, CA 90805 - Image 9

1612 E 53rd Street, Long Beach, CA 90805 - Image 10

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1612 E 53rd Street, Long Beach, CA 90805 - Image 12

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1612 E 53rd Street, Long Beach, CA 90805 - Image 16

Multi-Family Home for sale in Long Beach, CA

for $1,049,900 with 2 bedrooms and 1 full bath. This 2,092 square foot home was built in 1946 on a lot size of 0.1951.

This Beautiful 2 unit Duplex with private driveway for each unit and separate garages is a great income property. 5 bd 2 ba total: 3 bd 1 ba in first unit, 2bd 1 ba in the second unit. The duplex is a great fixer with loads of potential. The backyard is spacious and allows for building or expansion of multiple units for an investor with a total of 8500 sq ft lot. Solid cashflow property in a great area of Long Beach. The property is near major freeways, shops and restaurants. Ten minutes from Downtown Long Beach. This Property is priced at a great value with endless possibilities.

Multi-Family Active

Price

^$ 1,049,900

Bedrooms

Full Bath

Property Type

Multi-Family

Taxes

^$ 0

Style

Duplex

Lot Size

0.1951

Year Built

1946

Town/City

Long Beach

County/Region

Los Angeles

MLS | Web ID

NP24074261

Days on Market

Features

General

Sewer PublicSewer

Garage Spaces 2.0

Pool Features None

Year Built 1946

Property SubType Duplex

Gross Income 3900.0

Community Features StreetLights Sidewalks

County Los Angeles

Net Operating Income 38400.0

Operating Expense 560.0

Insurance Expense 300.0

New Construction N

Property Type ResidentialIncome

HOA / Comm Assn N

Attached Garage N

Subdivision Name not available

Garage Y/N Y

Special Listing Conditions Standard

Status Active

Directions west of 710 North of 405

City Long Beach

Entry Location 1

View Y/N N

Senior Community Y/N N

Total Units 2

MLS Area 7 - North Long Beach

Lot Size Square Feet 8500.0

Private Pool N

Waterfront Y/N N

Carport Y/N N

Number of Units Leased 1

Street Name 53rd

Listing Terms Cash CashtoExistingLoan CashtoNewLoan Conventional Contract FannieMae

Property Attached Y/N Y

Land Lease Y/N N

Electric Expense 150.0

Home Warranty Y/N N

Fuel Expense 100.0

Trash Expense 60.0

Water Sewer Expense 50.0

Lease Renewal Y/N N

Additional Parcels Y/N N

Lease Considered Y/N N

Rent Control Y/N N

Days on Market 19

Building Area Units SquareFeet

Standard Status Active

Year Built Source PublicRecords

Tax Lot 0499

Total Actual Rent 2600.0

Property Sub Type Additional Duplex

Exterior

Lot Features Item01UnitAcre

Water Source Public

Total Parking 2.0

Lot Size Area 8500.0

Number of Buildings 2

Spa N

Building Area Total 2092.0

Lot Size Acres 0.1951

Lot Size Units SquareFeet

Lot Size Source Estimated

Number of Separate Water Meters 2

Number of Separate Gas Meters 2

Number of Separate Electric Meters 2

Crops Included Y/N N

Open Parking Y/N N

Horse Y/N N

Irrigation Water Rights Y/N N

Interior

Total Stories 1

Common Walls Item1CommonWall

Basement (Y/N) N

Air Conditioning Y/N N

Heating Y/N N

Fireplace Y/N N

Street Suffix Street

Laundry Features WasherHookup ElectricDryerHookup

Entry Level 1

Electric On Property Y/N N

Internal Only

Street Number 1 1612

* Excluded Features

List By

Trojan Financial Solutions

Broker

(877) 953-7283

Phone

Affordability Calculator

$7,334

Per Month

Monthly Principal & Interest: $7,334
Monthly Property Taxes: --
Monthly Home Insurance: --

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Yearly Home Insurance

Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Multi-family listings in Long Beach, CA

Average List Price ^$2,086,931

Percent of Sale Price 99%

About Long Beach, CA

470,090 Population

2% Since 2002

^$57,916 Median Income

35.78 Median Age

30% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

273443 Elementary School

272636 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
5/4/2024	$1,049,900	-4.55%	Price Down
4/15/2024	$1,099,900		Listed Price

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1612 E 53rd Street, Long Beach, CA, 90805 is a Multi-Family Home for sale at $1,049,900 with 2,092 sqft and a lot size of 0.1951. 1612 E 53rd Street has 2 bedrooms, 1.0 baths, and was built in 1946. The property's zip code is 90805 which is in Long Beach, CA

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Listing data provided courtesy of the Internet Data Exchange Program of the California Regional Multiple Listing Service, Inc..

Based on information from California Regional Multiple Listing Service, Inc. as of 5/8/2024. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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1612 E 53rd Street

Multi-Family Home for sale in Long Beach, CA

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